New Leaf Ventures Inc.
OOTC:NLVVF0.00
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New Leaf Ventures Inc.
OTC:NLVVF
(OTC Markets)
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- New Leaf Ventures Inc. (CSE: NLV, OTC: NLVVF) is a Vancouver-based investment and management company incorporated in British Columbia, Canada, on June 4, 2018, that engages in acquiring assets and businesses in the North American cannabis industry; through its subsidiaries, including New Leaf USA and High Profile Holdings Cannabis Corp., it provides licenses, consulting services, real property and equipment leasing, intellectual property licensing, management services, and ancillary support to processors focused on processing, packaging, extracting, marketing, and distributing cannabis and cannabis-related products such as ultra-premium strains, hemp CBD items under the DAMA brand, and other offerings under the Goodies and High Profile brands. The company targets wellness sector growth by accelerating advanced-stage cannabis operations, including Tier 3 processing in Washington state and retail activations like store-within-a-store models across Canada; its geographic operations span Canada, with key facilities in British Columbia and Alberta, and the United States, primarily Washington. In recent developments, New Leaf Ventures completed the acquisition of High Profile Holdings Corp. in January 2023 via a statutory three-cornered amalgamation, issuing approximately 10 million common shares to integrate premium cultivation genetics, retail expertise, and expanded distribution capabilities; it sold cultivation assets and licenses in 2023 for US$266,797 to streamline operations toward processing and a House of Brands strategy, entered a manufacturing services agreement with Anonymous Buffalo LLC for co-packing including Solstice products, and signed a genetics transfer deal with CannaPharmaRX Inc. for high-THC strains; additionally, the company consolidated its share capital in 2023, reducing outstanding shares from over 62 million to about 12.5 million, and faced management changes including CEO and CFO resignations in February 2024 amid regulatory scrutiny from the British Columbia Securities Commission, which noted cease trade and default status as of mid-2024.
Company News
CSE Bulletin: Delist - New Leaf Ventures Inc. (NLV)
CSE Bulletin: Suspension - New Leaf Ventures Inc. (NLV)
New Leaf Ventures Welcomes New CEO and Director and Announces Resignation of previous Executives and Directors